Sunpower Corp [SPWR] stock is trading at $2.90, down -3.33%. An important factor to consider is whether the stock is rising or falling in short-term value. The SPWR shares have gain 5.45% over the last week, with a monthly amount drifted -6.75%, and not seem to be holding up well over a long-time horizon.
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On 21, March 2024, SunPower Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K. In a post published today on Yahoo Finance, SunPower (NASDAQ:SPWR) received on March 20, 2024, a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), which requires timely filing of all required periodic financial reports with the SEC, as a result of not having timely filed the Form 10-K with the SEC, as described more fully in the Company’s Notification of Late Filing on Form 12b-25 filed with the SEC on February 29, 2024.
From an analyst’s perspective:
Sunpower Corp [NASDAQ: SPWR] stock has seen the most recent analyst activity on February 16, 2024, when Guggenheim downgraded its rating to a Sell but kept the price target unchanged to $1 for it. Previously, Susquehanna downgraded its rating to Neutral on January 11, 2024, and dropped its price target to $4. On January 08, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $4 on the stock. Raymond James downgraded its rating to a Mkt Perform. Goldman downgraded its rating to a Sell and reduced its price target to $4 on December 18, 2023. Jefferies started tracking with a Hold rating for this stock on December 15, 2023, and assigned it a price target of $5.50. In a note dated November 21, 2023, Mizuho initiated an Neutral rating and provided a target price of $5 on this stock.
Sunpower Corp [SPWR] stock has fluctuated between $2.49 and $14.92 over the past year. Currently, Wall Street analysts expect the stock to reach $20.55 within the next 12 months. Sunpower Corp [NASDAQ: SPWR] shares were valued at $2.90 at the most recent close of the market. An investor can expect a potential return of 608.62% based on the average SPWR price forecast.
Analyzing the SPWR fundamentals
Sunpower Corp [NASDAQ:SPWR] reported sales of 1.69B for the trailing twelve months, which represents a drop of -28.36%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -0.56 and Total Capital is -0.4. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.80 points at the first support level, and at 2.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.04, and for the 2nd resistance point, it is at 3.18.
Sunpower Corp [SPWR] reported earnings per share of -$0.51 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.24/share, meaning a difference of -$0.27 and a surprise factor of -112.50%.
Ratios To Look Out For
For context, Sunpower Corp’s Current Ratio is 0.94. On the other hand, the Quick Ratio is 0.64, and the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 1.20.
